French government makes French banks open up
"The French government is introducing a new measure requiring all French banks to disclose information regarding their links to tax havens."
"Following a vote last week on the law pertaining to the merger of the Caisse d’Epargne and the Banque Populaire, creating the country’s second largest bank, credit institutions in France are now legally obliged to publish information in their annual accounts regarding their activities in jurisdictions deemed “uncooperative” in tax matters."
Interesting. We don't have much more in the way of detail at this point. However, this may help explain French banks' unilateral moves in this respect, which we blogged recently, as a pre-emptive measure.